Page 5 - Home Buying Guide
P. 5
Plan your purchase.
Research what you need, want, and can afford using on line mortgage calculators. Prepare a budget to
determine which homes and neighbourhoods fall within your price range. Speak to a mortgage broker
and get a pre-approval so that you know how much financing you can expect to get.
You:
• Research homes and neighbourhoods
• Determine your budget/costs using on line calculators
• Save for down payment & closing costs
Your real estate agent:
• Walk you through the process so there are no surprises
• Help you plan for your future needs
• Advise on which neighbourhoods and housing types meet your
needs and maximize return on investment
• Can help you connect with a reputable mortgage broker
Your mortgage broker:
• Give you a written pre-approval with a maximum home price
• Lock in an interest rate for 90-120 days
• Help you get the mortgage that best meets your needs
